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Stock impact report

Down 72% From All-Time Highs, Is This Software Stock a Buy as It Aggressively Buys Back Its Stock? [Yahoo! Finance]

Paycom Software, Inc. (PAYC) 
Last paycom software, inc. earnings: 4/28 04:06 pm Check Earnings Report
Company Research Source: Yahoo! Finance
With the stock far below its 2021 peak, share repurchases are now more important to the thesis. 10 stocks we like better than Paycom Software › Paycom Software (NYSE: PAYC) used to trade like the kind of software stock you could buy, forget about, and check again in five years. But that stability was upended in recent years. The stock is down about 72% from its all-time high, set in November 2021. The brutal drawdown has likely rattled shareholders and caused some to move on. But this begs the question: Is this just a broken story, or a high-quality business going through a valuation reset? Even more, is this a buying opportunity? Paycom sells payroll and human resources (HR) software -- and its revenue base is overwhelmingly recurring. In other words, it is not the kind of business you typically expect to have its stock get cut in half, then cut in half again. But the stock's pricey valuation in 2021 meant the bar had become extremely high. When a software company is p Show less Read more
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